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H.R. 1799119th CongressPlaced on the calendarLatest action Mar 19, 2026Decoded by AI · checked against the record
Official title: Financial Reporting Threshold Modernization Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
HR 1799 would raise the $10,000 currency transaction report threshold to $30,000, with future inflation adjustments.
40-second read · 4 questions answered below
This bill raises several dollar thresholds under anti-money-laundering law, including the currency transaction report limit from $10,000 to $30,000, with adjustments every five years for inflation. It also raises the cash-payment reporting threshold for non-financial businesses from $10,000 to $30,000, raises suspicious activity report triggers from $5,000 to $10,000 and from $2,000 to $3,000, and raises the money services business definition threshold from $1,000 to $3,000.
Banks, credit unions, money-transfer businesses, non-financial businesses that accept large cash payments (like car dealers), and regulators and law enforcement who use these reports.
Raising the thresholds means fewer transactions would automatically trigger reporting to the government, changing how regulators and law enforcement monitor financial activity for money laundering or fraud.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: it was placed on the House floor calendar, and the official record shows no floor action on it since. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Placed on the Union Calendar, Calendar No. 478.